Categories AlphaGraphs, Earnings, Technology

VZ Earnings: Highlights of Verizon’s Q1 2023 financial results

Telecom giant Verizon Communications Inc. (NYSE: VZ) on Tuesday reported a decline in adjusted earnings and revenues for the first quarter of 2023.

Verizon Q1 2023 earnings infographic

First-quarter adjusted earnings declined to $1.20 per share from $1.35 per share in the comparable period of last year. Unadjusted profit, meanwhile, rose to $5.02 billion or $1.17 per share from $4.71 billion or $1.09 per share last year.

Total operating revenues decreased 1.9% annually to $32.9 billion during the three-month period, with both operating segments contracting.

“Last month, we announced that our 5G Ultra Wideband now reaches more than 200 million people as we continue to undergo the most aggressive network deployment in our company’s history. With our mobile and broadband capabilities, and our focus on network strength, we are giving more customers in more places a superior network experience,” said Verizon’s CEO Hans Vestberg.

Prior Performance

  • Verizon-Q4-2022-Earnings-Infographic
  • Verizon Q1 2022 Earnings Infographic
  • Verizon Q3 2022 earnings infographic

_________________________________________________________________________________________________________________

Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock

_________________________________________________________________________________________________________________

Most Popular

Intuit looks to end FY24 on a high note, focused on AI and assisted segment

Intuit Inc. (NASDAQ: INTU), the maker of popular accounting software TurboTax and QuickBooks, has reported better-than-expected third-quarter results and mixed guidance. Currently, the company's investments are focused on data and

A glimpse into Macy’s (M) progress on its Bold New Chapter

Shares of Macy’s, Inc. (NYSE: M) were up over 1% on Friday. The stock has gained 9% over the past one month. Earlier this week, the retailer delivered first quarter

Earnings Summary: BJ’s Wholesale Club (BJ) reports Q1 2024 results

Department store chain BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) has announced results for the first quarter of 2024, reporting an increase in net sales. Q1 earnings, on a per-share basis,

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top